Global Polyether Ether Ketone (PEEK) Market Analysis By Type (Glass Unfilled, Carbon Unfilled, Unfilled)

Globally, the market for Polyether Ether Ketone (PEEK) has been growing at a swift pace on the back of growing automotive industries, rising demand of medical implants, growing global consumer awareness regarding environment-protection and the resultant demand for fuel-efficient, lightweight vehicles. 

According to Azoth Analytics research report, “Global Polyether Ether Ketone (PEEK) Market: Analysis By Type (Glass Unfilled, Carbon Unfilled, Unfilled), By Application (Electrical & Electronics, Automotive, Oil & Gas, Medical, Aerospace, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023) - By Region (North America, Europe, Asia-Pacific and Rest of the World) and By Country (U.S, U.K, France, China, India, Germany and Canada): 2018-2023” Global Polyether Ether Ketone (PEEK) Market is projected to display a positive growth represented by a CAGR of 8.66% during 2018 – 2023.

Glass Filled PEEK market segment is expected to witness growth at a noteworthy rate in the forecast period on account of increasing adoption in automotive & aerospace industry. PEEK is used to manufacture various interior and exterior components in the automotive and aerospace industries. The most valued properties of PEEK are its high heat resistance, light weight, high dimensional stability, and high chemical resistance. In the aerospace industry, it is important to use materials that are fire retardant and emit less smoke & toxic gases in case of fire. PEEK fulfils these important requirements, resulting in its high demand in the aerospace industry. Amongst the regions, Europe accounts for the largest regional share in the global PEEK market in 2017. Electronics & Electrical is the largest end user segment of global PEEK market as it has various applications in electrical & electronics industry like electrical connectors, cable sheaths, computer machinery, transformers etc.

The report titled, “Global Polyether Ether Ketone (PEEK) Market: Analysis By Type (Glass Unfilled, Carbon Unfilled, Unfilled), By Application (Electrical & Electronics, Automotive, Oil & Gas, Medical, Aerospace, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023) - By Region (North America, Europe, Asia-Pacific and Rest of the World) and By Country (U.S, U.K, France, China, India, Germany and Canada) has covered and analysed the potential of Global Polyether Ether Ketone (PEEK) Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities along with company analysis in the global PEEK market. Additionally, the report also highlights market entry strategies for various companies across the globe.